Lululemon Athletica Inc (NASDAQ:LULU) reported financial results for the second quarter after market close Thursday. Here’s a rundown of the report.
Q2 Results: Lululemon reported second-quarter revenue of $2.371 billion, missing the consensus estimate of $2.409 billion, according to Benzinga Pro. The athleisure company reported second-quarter earnings of $3.15 per share, beating analyst estimates of $2.94 per share.
Total revenue was up 7% on a year-over-year basis and total comparable sales increased 2% year-over-year. Americas net revenue increased 1% year-over-year, while international revenue was up 29% year-over-year.
Lululemon's total store count was 721 at quarter's end after opening 10 new company-operated stores during the period. Inventories were down 14% year-over-year to $1.4 billion. The company ended the quarter with ...
